INDIA CLOCKS DOUBLE DIGIT GROWTH

India’s domestic aviation sector grew the fastest in September as the country registered double-digit growth for 37 consecutive months, according to global airlines’ grouping International Air Transport Association (IATA).

Globally passengers traffic demand in September rose 5.7 per cent compared to the same month in 2016, according to IATA’s global passenger traffic results. This was the slowest year-on-year increase since February. Domestic passenger traffic demand climbed 4.2 per cent in September compared to September 2016.

India and China continued to lead all markets with double-digit annual traffic increases while elsewhere, results were mixed. Capacity rose 4.7 per cent and load factor slipped 0.4 percentage points to 82.2 per cent. “September’s growth in passenger demand was healthy, notwithstanding the impact of extreme weather events on the Americas,” said Alexandre de Juniac, IATA’s Director General and CEO. “Global economic conditions support rising passenger demand, but with higher cost inputs, the demand stimulation from lower fares has waned, suggesting a moderating trend in traffic growth.”

International RPKs climbed 6.5 per cent with airlines in all regions recording growth compared to 2016. Total capacity climbed 5.6 per cent, and load factor rose 0.7 percentage points to 81.3 per cent. Asia-Pacific airlines’ traffic rose 8.7 per cent in September compared to the year-ago period, the strongest growth among regions. Capacity increased 7.8 per cent, and load factor climbed 0.6 percentage points to 78.3 per cent. A solid regional economic backdrop, helped by robust growth in China, is supporting passenger demand within the region.

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